Capitalism Will Ruin the Earth By 2050, Scientists Warn
“By 2050, we could retain high levels of GDP, at the price of a world wracked by minerals and materials shortages, catastrophic climate change, and a stuttering clean energy transition —paving the way for a slowly crumbling civilization.
Or, we could ditch the GDP fetish and enter a world of abundance, with energy consumption safely contained within planetary boundaries, and high-tech economies that support jobs, health and education for everyone without costing the earth.” – VICE
The love of money has been called the root of all evil. It is certainly the root cause of many of the socioeconomic and ecological injustices we are facing today. Our current economic model is known as growth economics or growth capitalism. And it is at odds with the professional ethic to do no harm on this planet.
Ecological, regenerative, well-being and sharing economy concepts are now emerging in public discourse. In this discussion the sharing economy is explained along with the notion of gross domestic well-being. Additionally, we introduce Herman Daly, Kate Raworth, Jeremy Rifkin and others as well as how to adopt an ecological economy and comparable models.